VF (NYSE:VFC) Price Target Raised to $28.00

VF (NYSE:VFC) had its price target increased by Robert W. Baird from $23.00 to $28.00 in a research report sent to investors on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the textile maker’s stock.

Several other equities analysts have also recently weighed in on the company. Citigroup raised their price target on VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group increased their price objective on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.47.

VF Trading Down 3.5 %

VF stock opened at $25.99 on Thursday. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The firm’s 50 day moving average price is $22.41 and its 200-day moving average price is $19.79. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The stock has a market cap of $10.12 billion, a P/E ratio of -21.84, a PEG ratio of 10.01 and a beta of 1.45.

VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 15.35%. During the same period in the prior year, the company posted $0.57 EPS. On average, equities analysts predict that VF will post 0.48 earnings per share for the current fiscal year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, March 10th. VF’s dividend payout ratio is currently -30.25%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VFC. Future Financial Wealth Managment LLC bought a new position in VF in the 3rd quarter worth about $40,000. CKW Financial Group grew its stake in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the period. Quent Capital LLC raised its position in VF by 1,917.1% during the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after purchasing an additional 12,001 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of VF in the 2nd quarter worth $241,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.